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Monday, October 7, 2013

Peter Schiff Warns of Economic Collapse, Civil Unrest and Martial Law

American investment broker, businessman, author and financial
commentator Peter Schiff warns us that we are in worse shape now
economically than we were just before the 2008 financial crisis, which
we still have yet to recover from.

“I think the U.S. has been in a depression or a recession for the
entirety of the Obama presidency,” Schiff said. “I think there’s going
to be a depression, but I don’t think it’s going to be global.”

“When the dollar collapses and when the rest of the world stops
wasting their resources, propping up our economy, buying our debt,
selling us products that we can’t pay for, I think you’re going to have a
global economic boom outside of the United States.”

“I just hope that one day we’re smart enough to jump in on it by adopting free market principles.”

“I hope we can reclaim our former glory,” he continued. “But to do
that’s we’re going to have to reclaim the values that we have abandoned
and those are the ones that our Founding Fathers wrote into our
Constitution, not the ones that we’re following now.”

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